Intraday Stocks To Buy Today, July 25: Top Picks By Sumeet Bagadia For Profitable Trading On Friday

The Indian equity markets saw volatility all day long and ended the day on a sour note on July 24. Benchmark indices were under pressure during the weekly expiry and started the session weakly. The Nifty index saw rejection and volatility throughout the session despite opening on a gap-up note and failing to retain higher levels. It was a bad way to end the day. The Bank Nifty index dropped 144.40 points, or 0.25%, to finish the day lower. The India VIX increased by 1.97% to 10.7225, indicating a modest rise in market volatility and cautious sentiment.

Nifty Outlook Today

"The Nifty witnessed a pullback after encountering strong supply pressure near the 25,250-25,260 resistance zone and formed a bearish candlestick. On the hourly timeframe, the index breached below its 50-EMA and ended the session below it, indicating short-term weakness. Broadly, the index remains entrenched in a consolidation phase, with a range-bound structure likely to continue in the near term. On the downside, the 24,900 mark continues to act as a critical demand zone; a decisive breakdown below this level may accelerate a corrective move. Conversely, a sustained breakout above the 25,260 hurdle could open the gates for a fresh leg of upside momentum," commented the research analysts of Bajaj Broking Research.

Bank Nifty Outlook Today

"Bank Nifty formed a bearish candlestick pattern but once again found support at the 20-day EMA, around the 56,800 mark - a level that has consistently acted as a key anchor point for the index. Broadly, the index continues to oscillate within a wide consolidation band of 56,000-57,500. On the downside, immediate support is placed at 56,800, followed by a stronger demand zone near 56,500. On the upside, resistance is capped at 57,350, with the next supply barrier seen around 57,500," commented the research analysts of Bajaj Broking Research.

Stocks To Buy Today

On Friday, July 25, Choice Broking executive director Sumeet Bagadia recommended buying two stocks following the conclusion of the UK-India Free Trade Agreement (FTA), which marks a major development in the two countries' bilateral ties.

Laurus Labs

Buy LAURUSLABS in Cash @ Rs 836.5, Stop-loss @ Rs 807, Target @ Rs 895

LAURUSLABS is currently trading at 836.5 and continues to exhibit strong bullish momentum, supported by a steadily rising price structure and consistent upward swing formation. The stock is now approaching its all-time high of 842, which stands as a crucial resistance level. A decisive breakout above this zone could attract renewed buying interest and potentially open the door to further upside.

The overall trend remains firmly positive, with the 20, 50, 100, and 200-day Exponential Moving Averages all trending upward-underscoring sustained demand and strengthening bullish sentiment across short- to long-term timeframes. Price action consistently holding above these key moving averages further reinforces the strength of the ongoing uptrend.

A confirmed close above 842 may act as a breakout trigger, paving the way for a sharp move toward the next short-term target of 895. Traders are advised to closely monitor the stock's behaviour near the resistance area for any breakout confirmation and subsequent follow-through.

On the downside, immediate support is seen at 820. The Relative Strength Index (RSI) is currently at 81.63 and rising, indicating strong buying momentum and potential overbought conditions. To mitigate risk, a protective stop-loss around 807 is recommended in case of any unforeseen market reversals.

In conclusion, based on current technical conditions, LAURUSLABS offers a strong buying opportunity for short-term traders targeting 895, provided sound risk management measures are maintained.

Tata Motors

Buy TATAMOTORS in Cash @ Rs 700.5, Stop-loss @ Rs 675, Target @ Rs 750

TATAMOTORS is currently trading at ₹700.50, having rebounded strongly from a key support level. The stock has formed a bullish candlestick pattern on the daily chart and has broken out of a consolidation phase by surpassing a crucial resistance level at ₹700. This breakout, supported by a notable increase in trading volumes, signals a potential trend reversal and renewed buying interest.

From a technical standpoint, the stock exhibits solid upward momentum. It is currently trading above its 20-day and 50-day Exponential Moving Averages (EMA), and is approaching its 200-day EMA. A decisive close above the 200-day EMA could further validate the strength of the uptrend. The Relative Strength Index (RSI) stands at 56.9 and is trending upwards, suggesting a healthy bullish bias with room for further upside.

If the stock sustains above the immediate resistance at ₹715, it could open the door for a near-term rally toward ₹750. Traders may consider initiating long positions at current levels, with a stop-loss placed at ₹675 to mitigate downside risk.

In conclusion, TATAMOTORS presents a favorable technical setup backed by bullish price action, rising volumes, and supportive momentum indicators. However, traders should remain mindful of short-term volatility and implement disciplined risk management for effective trade execution.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.